Cal Redwood Acquisition (NASDAQ:CRAQ) Trading Up 0% – Time to Buy?

Shares of Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) were up 0% on Friday . The company traded as high as $10.26 and last traded at $10.2840. Approximately 10,001 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 45,325 shares. The stock had previously closed at $10.28.

Cal Redwood Acquisition Stock Up 0.0%

The business’s fifty day simple moving average is $10.23.

Cal Redwood Acquisition (NASDAQ:CRAQ) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $2.32 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC lifted its holdings in Cal Redwood Acquisition by 1.6% in the 4th quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock valued at $9,959,000 after purchasing an additional 15,265 shares in the last quarter. ABC Arbitrage SA acquired a new stake in shares of Cal Redwood Acquisition in the 4th quarter worth $304,000. L1 Global Manager Pty Ltd acquired a new stake in shares of Cal Redwood Acquisition in the 4th quarter worth $507,000. Radcliffe Capital Management L.P. increased its stake in shares of Cal Redwood Acquisition by 16.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock worth $5,524,000 after acquiring an additional 76,582 shares during the last quarter. Finally, Rivernorth Capital Management LLC increased its stake in shares of Cal Redwood Acquisition by 33.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,015,000 after acquiring an additional 100,000 shares during the last quarter.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.